1. Editorials.
- Subjects
BRITISH politics & government, 1964-1979 ,HISTORY - Abstract
The current political condition of Great Britain has been analyzed in the article. It has been viewed that the Labour party can be relied upon to clean whatever mess the English Tories may choose to make. Party leader Harold Wilson has just done it with the devaluation of the pound, and the American press is even more jubilant than the Tories. The irony in the present episode is that Harold Wilson is a far better economist than are most politicians. However, a question has been raised that why didn't he devalue shortly after taking office and blame the necessity, fairly enough, on his predecessor. It has been assessed that the Labour party had a very small margin in the British House of Commons and to govern at all probably had to make commitments which tied Wilson's hands.
- Published
- 1967